Looking at Bitcoin's realized volatility metrics right now—the DVOL is sitting at levels we haven't seen since the tail end of 2022. That's actually worth paying attention to. When you compare where we were back then versus where price is trading today, the divergence becomes pretty interesting. The market was dealing with totally different macro conditions in late 2022, yet the volatility profile mirrors what we're seeing in current conditions. Whether this suggests capitulation patterns are playing out similarly or if we're looking at a different setup entirely depends on how you read the broader on-chain and macro context. Either way, it's one of those data points that makes you think about what the market is really pricing in right now.